18-year-old Mbappe scored 15 goals in 29 Ligue 1 fixtures for Monaco, which earned him a call-up to the France squad as well as interest from Europe's elite clubs.
Arsenal were reported to have launched a £100 million bid to sign the youngster, but Wenger was quick to point out that was not the case.
'That's not true. People have a big imagination', the French manager revealed. 'What we know now is that Mbappe is over £100m and after that it's free to imagine what you want'.
'We have not made any offer. I think he will stay, it looks like that. One more season. Maybe he has too much choice. In the end, people don't move', he concluded.